Darren Davie
đ€ SpeakerAppearances Over Time
Podcast Appearances
And those apartments are now selling with the marina berth for about a million to 1.1 million.
So you could have cashed in there, Craig.
Well, it certainly has.
I think Labrador, Southport, Bigger Waters, most apartments on the Gold Coast over the years have not really risen that much.
If you bought off the plan, you were probably five years before you saw any growth.
These days, it's been amazing.
But I think the driving factor has been the migration from down south, people wanting to come up here and buy housing, not being able to find a house because it's been a little bit light on the ground for stock.
They're choosing to buy the investment property as an apartment or a unit.
That's what's driven that up as well.
So our pricing on units have really equaled the growth on housing at the moment.
Very significant because on now Mermaid Waters, I was reading the other day, medium house price in Mermaid Waters is the first one for the Gold Coast to have been ticked down to the $2
million dollar mark, which is amazing.
So that's driven prices up right across the coast.
You've got some good central property, but you've still got plenty of room for growth through Southport, Labrador and the northern suburbs of Gold Coast.
Well, Labrador is just north of Surfers Paradise, about five kilometres north.
So when you go over the Sundial Bridge, you come into Southport and then a couple of kilometres north is Labrador.
Labrador has what we call the Golden Mile of apartments on the broad water.
These are normally apartments that are between 20 and 35 storeys and beautiful views out to the broad water.
park lands.
It's just a way of life out there.